Woodfall Company has the following information for June: Cost of direct materials used in production $36,000...

Transcribed Image Text:

Woodfall Company has the following information for June: Cost of direct materials used in production $36,000 Direct labor 47,000 Factory overhead 22,000 Work in process inventory, June 1 23,000 Work in process inventory, June 30 33,000 Finished goods inventory, June 1 21,000 Finished goods inventory, June 30 13,000 a. For June, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Woodfall Company Statement of Cost of Goods Manufactured Costs Type Total manufacturing costs incurred in June Total manufacturing costs Cost of goods manufactured Amount Amount 0000 b. For June, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold. Woodfall Company Statement of Cost of Goods Sold Costs Type Amount Cost of goods sold Check My Work Woodfall Company has the following information for June: Cost of direct materials used in production $36,000 Direct labor 47,000 Factory overhead 22,000 Work in process inventory, June 1 23,000 Work in process inventory, June 30 33,000 Finished goods inventory, June 1 21,000 Finished goods inventory, June 30 13,000 a. For June, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Woodfall Company Statement of Cost of Goods Manufactured Costs Type Total manufacturing costs incurred in June Total manufacturing costs Cost of goods manufactured Amount Amount 0000 b. For June, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold. Woodfall Company Statement of Cost of Goods Sold Costs Type Amount Cost of goods sold Check My Work